Indonesia is a ‘hotspot’ for Chinese companies in logistics, supply chain, SF group says

Indonesia’s growing economy, coupled with a multilingual workforce and vast business opportunities over an archipelago of 15,000 islands, is a magnet for logistics companies from China, according to a leading Chinese courier company.

“I can see a lot of potential in terms of supply chain to help Indonesia and support its economic growth,” said Michael Tung, managing director for Hong Kong and Macau at SF Supply Chain, which provides turnkey supply-chain solutions to enterprises. “Indonesia is one of the hotspots for us. I will put a lot more resources in Indonesia compared to any other Asian countries.”

Hong Kong can support the growth in Indonesia in many ways including in finance and supply chain management, said Tung, whose unit is part of the SF Holding group. In many industries like e-commerce, stiff competition at home has prompted Chinese entities to seek new growth avenues in Southeast Asia, he added.

He spoke at the “Think Business: Think Hong Kong” symposium in Jakarta, organised by the Hong Kong Trade and Development Council.

Under the “Golden Indonesia 2045 Vision”, Indonesia aims to double the size of its gross domestic product in 20 years to enhance its position as Southeast Asia’s biggest economy. Its population is expected to reach 324 million by 2040, making it the fourth or fifth largest consumer market.